Advantages of a Complementary Currency System

Advantages of a Complementary Currency System
in the Current Fiscal Crisis

Employed Faculty

Faculty can contribute funds to support the continued employment of lecturers; contributed funds would be leveraged by C$Ds:

Lecturers

C$Ds could partially fund additional sections
C$Ds could fund Extension & Special Sessions courses
C$Ds could fund community-based research and service projects that could provide alternative sources of employment

Benefits to the non-profit community

Interns in the critical areas of health, mental health & education could be funded by C$Ds to cover the low tech end of these sectors in crisis
C$Ds could fund relevant research projects
C$Ds could fund faculty consultants to nonprofit organizations
C$Ds permit in-kind contributions by individuals and businesses to be automatically converted into a liquid medium of exchange, rather than requiring the organization to find a buyer for the contributed good or service

Benefits to the business community

Increased utilization of underutilized productive capacity (increased marginal sales)
Increased community awareness of local businesses
Opportunity to donate goods and services as C$D credits instead of as scarce US$ or goods and services that must be sold by the organization

Sonoma State University

Reduce the number of layoffs and reductions in curricular offering
Goodwill among the facult
Community goodwill and credit for innovation
Goodwill and credit for innovation among some political leaders
Increased utilization of underutilized productive capacity (increased marginal sales) related to acceptance of partial payment in C$Ds in appropriate areas including Extended Education and Enterprises.

--Art Warmoth
3/10/03